Notable Analyst Rating Changes 01/25: (WPI) (ALU) (TEX) Upgraded; (MS) (MTG) (NVDA) Downgraded

UPGRADES
Watson Pharmaceuticals (NYSE: WPI) upgraded by two firms today:

• BofA/Merrill Lynch from Neutral to Buy; and
  
  
• Morgan Stanley from Equal Weight to Overweight.

Societe Generale lifts Alcatel-Lucent (NYSE: ALU) from Sell to Hold.

KeyBanc boosts Terex (NYSE: TEX) from Hold to Buy with a target of $28. Click Here for more color.

Deutsche Bank raises Affymetrix (Nasdaq: AFFX) from Hold to Buy, increasing its price target from $4.50 to $7. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
JPMorgan downgrades Morgan Stanley (NYSE: MS) from Overweight to Neutral.

Susquehanna cuts MGIC Investment (NYSE: MTG) from Positive to Neutral.

JMP Securities reduces NVIDIA (Nasdaq: NVDA) from Market Perform to Market Underperform with a new price target of $12.50.

Macquarie lowers Oracle (Nasdaq: ORCL) from Outperform to Neutral, price target lowered from $32 to $31. Click Here for more color.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Zynga (Nasdaq: ZNGA) started by several firms:

• Goldman Sachs at Buy rating and $13 price target. Click Here for more color;
  
  
• Piper Jaffray at Overweight and $11 price target;
  
  
• Barclays with an Overweight and price target of $11; and
  
  
• PMorgan at Overweight and $12 target.
  Inergy (NYSE: NRGY) initiated by three:
  • Morgan Stanley at Equalweight and $23 price target;
    
    
  • Barclays with an Equialweight and $24 target; and
    
    
  • BofA/Merrill Lynch at Neutral and $24 target.
  Inergy Midstream, L.P. (NYSE: NRGM) begun by several firms:
  • Barclays at Overweight and $23 target;
    
    
  • Wells Fargo at Outperform and $24 target. Click Here for more color;
    
    
  • BofA/Merrill Lynch at Buy with a $22 price target;
    
    
  • Morgan Stanley with Equalweight and $21 target; and
    
    
  • Stifel Nicolaus at Buy and $21 target.
  Northland Securities initiates Riverbed Technology (Nasdaq: RVBD) with an Outperform and $35 target.
  
  For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
  
  Visit our new Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.

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